Tag Archive for: deductions
IRS To Release New W-4: What To Expect
The IRS is expected to release a new W-4 form for use in 2020. According to an IRS source, the agency held a payroll call on May 2 where it reiterated plans to have that draft available for comment by May 31. CLICK ON THE HEADLINE FOR MORE
What Are Refundable Tax Credits?
Tax credits come in two types: refundable and nonrefundable. While both are nice, refundable tax credits offer the better deal because they can reduce your tax liability below zero. CLICK ON THE HEADLINE FOR MORE
Tax Season Is Open. Warning: Pack Your Patience.
Should you need help navigating the tax changes, keep in mind that many IRS workers will still be catching up from a 35-day shutdown. So pack your patience. CLICK ON THE HEADLINE FOR MORE
1040, 1040A and 1040EZ: Differences and Changes In 2019
The IRS has made big changes to Form 1040. What is it, and do you still need a 1040A or 1040EZ? CLICK ON THE HEADLINE FOR MORE
14 Money Moves You Will Be Thankful For
November is not only the perfect time to give thanks for all that is good in life and embrace gratitude ahead of the holiday season, it's also a great time to take action to improve your financial situation. CLICK ON THE HEADLINE FOR MORE
VIDEO: 7 Illegal Ways Some Americans Admit To Save On Taxes
Many Americans are missing out on certain tax-saving strategies because they think they're illegal. And, on the flip side, some Americans admit to using illegal strategies to cut down on their tax bill, CLICK ON THE HEADLINE FOR MORE